If coin collecting were like other hobbies, where you had to
BlindedByEgo
Posts: 10,754 ✭✭✭✭✭
spend money just to keep in the game, like R/C airplanes, would you still collect?
Why?
Why?
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<< <i>I must have bought a different edition of coin collecting, I've spent plenty on the hobby. >>
Seriously - you don't have to put gas in a coin. Residual values of planes and equipment is nil.
Crash and burn is a different subject altogether.
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If you stick with basic shoes, shorts, etc., you're not going to be spendng much. OTOH, if you go out and buy the newest gadgets (the latest Garmin for $300 or so, ditto re the Ipod with an 8 gig hard drive, etc.,) you're going to be out quite a bit more money. The extreme case for a runner is someone who buys all of the gadgets, races quite a bit, and travels to races (like out of town marathons such as Boston, New York, etc). When you add up three or four bills for hotels, and airtickets, and tack on, 6-12 race entry fees at anywhere from $25 to $100, plus the gadgets, you're talking real money here.
"Seu cabra da peste,
"Sou Mangueira......."
<< <i>Sure. I've been running for the last 40 years. Like with coin collecting, you need to spend money to continue the hobby. Similarly, how much money you spend as a runner is up to you.
If you stick with basic shoes, shorts, etc., you're not going to be spendng much. OTOH, if you go out and buy the newest gadgets (the latest Garmin for $300 or so, ditto re the Ipod with an 8 gig hard drive, etc.,) you're going to be out quite a bit more money. The extreme case for a runner is someone who buys all of the gadgets, races quite a bit, and travels to races (like out of town marathons such as Boston, New York, etc). When you add up three or four bills for hotels, and airtickets, and tack on, 6-12 race entry fees at anywhere from $25 to $100, plus the gadgets, you're talking real money here. >>
You just compared Running to coin collecting.
Dansco book collection - fun and not competitve
PCGS Registry Sets - Expensive, competitive and looking for that one extra point.
Gardnerville, NV
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<< <i>spend money just to keep in the game, like R/C airplanes, would you still collect?
Why? >>
Correct me if I'm wrong but doesn't coin collecting always cost you money to stay in the game?
The name is LEE!
<< <i>
<< <i>spend money just to keep in the game, like R/C airplanes, would you still collect?
Why? >>
Correct me if I'm wrong but doesn't coin collecting always cost you money to stay in the game? >>
My SDB sure has to be paid every year.
Well let's see....gas money, plane fare to the big shows, hotel money, long distance phone money, registered mail money, cab fare. I think I spend money to keep in the game.
<< <i>spend money just to keep in the game, like R/C airplanes, would you still collect?
Why? >>
You mean like driving or flying to shows and paying for hotels in pursuit of your quarry? Or spending money on plastic holders to show that what you have is what you have? Paying for enough postage so that the clerk sees you coming and points to the guy next to him and says, "Only he's doing registered today?" I guess so.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Coins cost nothing to look at and enjoy.
Research can be done cheaply, or even free, with resources that people already have (library card, internet).
Coins (generally) don't break or become obsolete (at least obsolete in a negative way).
Chasing around the country or the world in pursuit of new coins is very much optional - in fact, many coin hobbyists play in a much smaller arena.
Converting raw coins into plastic slabbed coins is optional and in fact probably shouldn't be done unless there is a financially commensurate upside.
All I meant to say was that many hobbies carry way more unrecoverable costs on an ongoing basis, costs which must be borne in order to continue enjoying the hobby.
Coins can be enjoyed just by looking at them.
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The person getting the coins for the Dansco album and the neighborhood runner are trying to make the most of their time and money. The Dansco guy will spend the extra $15 for a VF, rather than a F Barber Quarter if he thinks it's a more attractive coin and the value is there. If he's feeling good, the neighborhood runner will try and see if he could do the five mile run faster than the last time he did it. Both individuals are trying to do the best they can for themselves.
The TDN and marathon record analogy is more self-evident.
"Seu cabra da peste,
"Sou Mangueira......."
<< <i>nah i'd go back to racing motorcycles as there was always a hottie or 2 at the finish line >>
But the hotties are now half your (my) age....
<< <i>But the hotties are now half your (my) age.... >>
So two hotties together would be my (your) age. Sweeeeet.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
<< <i>
<< <i>But the hotties are now half your (my) age.... >>
So two hotties together would be my (your) age. Sweeeeet.
But all you need do to get those hotties is finish in first place.
<< <i>Jim, the comparison of running to coin collecting is valid. Whether you're getting coins for Dansco albums or whether you're TDN trying to build the finest set of Seated $s, there are striking similarites to the guys who does five mile runs around the neighborhood and never enters a race, to someone who is trying to set a world record in the marathon.
The person getting the coins for the Dansco album and the neighborhood runner are trying to make the most of their time and money. The Dansco guy will spend the extra $15 for a VF, rather than a F Barber Quarter if he thinks it's a more attractive coin and the value is there. If he's feeling good, the neighborhood runner will try and see if he could do the five mile run faster than the last time he did it. Both individuals are trying to do the best they can for themselves.
The TDN and marathon record analogy is more self-evident. >>
You could also come to the conclusion that the runner that is attempting to set WR's by living the sport of running is doing his best to finish first. The coin collector that is willing to spend his/her money, time, and energy trying to find top pop coins is also attempting to finish first, albeit in a different kind of race.
Unfortunately I am not that kind of coin collector, as my current financial situation doesn't allow me to spend even remotely close to that kind of money. Although, I am that kind of Runner, and I train year round running upwards of 70-80 miles a week to win the races that I travel to and enter.
I think it takes a certain personality type to be a Top Pop Coin collector...or an elite athlete...etc...I think that it is a legitimate comparison.
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"To Give Anything Less than Your Best, Is to Sacrifice the Gift" - Steve Prefontaine
Well it isn't the best analogy but it's close enough.
And finally, we all collect at the 19th hole.
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<< <i>Golf is a hobby similar to coins. I am forever trying to get something round into a small hole. (Whitman). My drives are never straight and narrow (Coin shows). I get a little nervous around the greens. (Verdigris). Someone is trying to score lower, thus causing me to go even higher than my intentions were, initially. (Snipe/Shill)
Well it isn't the best analogy but it's close enough.
And finally, we all collect at the 19th hole. >>
I always did like the 19th hole.
<< <i>spend money just to keep in the game, like R/C airplanes, would you still collect?
Why? >>
This doesn't really answer the question but I see your point. Other than paying for safe storage, or loosing money on a bad purchase, the shelling out of money to maintain a level of hobby enjoyment was one reason I moved into coins on a higher level.
Odd thing about the RC airplane hobby as of recent, it's getting cheaper. Bang for the buck it's a 1/10th of what it was ten years ago. Plus the better you get the less you replace. Example: A intermediate helicopter to learn on ten years ago was close to a grand, yesterday I bought a (used with parts and lipo batteries and Tx.) tricked out hopped up insane 3D performer for $80. I have planes with hundreds of flights that I kind I wish would fail so I can sell off some cheap coin and buy another plane in a different flavor.
Basically, now that general RC is cheap, I'm doing more of it.
<< <i>
<< <i>spend money just to keep in the game, like R/C airplanes, would you still collect?
Why? >>
This doesn't really answer the question but I see your point. Other than paying for safe storage, or loosing money on a bad purchase, the shelling out of money to maintain a level of hobby enjoyment was one reason I moved into coins on a higher level.
Odd thing about the RC airplane hobby as of recent, it's getting cheaper. Bang for the buck it's a 1/10th of what it was ten years ago. Plus the better you get the less you replace. Example: A intermediate helicopter to learn on ten years ago was close to a grand, yesterday I bought a (used with parts and lipo batteries and Tx.) tricked out hopped up insane 3D performer for $80. I have planes with hundreds of flights that I kind I wish would fail so I can sell off some cheap coin and buy another plane in a different flavor.
Basically, now that general RC is cheap, I'm doing more of it. >>
You are right - R/C is A LOT cheaper than when I was a kid, as well. I used R/C because of the consumable nature of the hobby, as differentiation from coin collecting.
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Now if you knew someone that helped that was well versed then you might be able to pull it off without anything but the expese of the coin but that's rare from what I've seen over the years. Who knows we might be a the peak of coins right now only to have them drop like the 80's / 90's and then you'd be in them for quite a bit more than you paid for quite sometime. Really timing in this hobby is everything more so than many other hobbies. JMO
I disagree, though, that it has gotten that much cheaper than it used to be. Just like you can come up with an example of an expensive helicopter that is now much cheaper you can come up with another example of a kit that used to cost sixty bucks and now runs almost twice that. The engines I buy now are more expensive than I used to pay. The radios I buy now are more expensive than I used to pay. Cyanoacrylates and epoxies cost more than they used to.
And, in a way I think you DO have to pay more to stay in this coin collecting game. Just look at the prices type coins go for now it's ridiculous compared to what it used to be years ago so in order to 'stay in the game' you have to pay. Either that or seriously downgrade the coins you were planning on filling that type set with. So my answer is, yes, I would pay....
<< <i>All right! RC aircraft talk!
I disagree, though, that it has gotten that much cheaper than it used to be. Just like you can come up with an example of an expensive helicopter that is now much cheaper you can come up with another example of a kit that used to cost sixty bucks and now runs almost twice that. The engines I buy now are more expensive than I used to pay. The radios I buy now are more expensive than I used to pay. Cyanoacrylates and epoxies cost more than they used to.
And, in a way I think you DO have to pay more to stay in this coin collecting game. Just look at the prices type coins go for now it's ridiculous compared to what it used to be years ago so in order to 'stay in the game' you have to pay. Either that or seriously downgrade the coins you were planning on filling that type set with. So my answer is, yes, I would pay.... >>
Many but not all collectibles are in limited or finite supply. As more collectors join the force, the supply/demand situation changes with the result that prices go up. In the RC toy hobby, suppliers make more to meet demand. Last I knew the mint wasn't making any more Morgans.
<< <i>Many but not all collectibles are in limited or finite supply. As more collectors join the force, the supply/demand situation changes with the result that prices go up. In the RC toy hobby, suppliers make more to meet demand. Last I knew the mint wasn't making any more Morgans. >>
So does that mean you'd pay or not?